by David Rouse
The government has programs designed to lower your mortgage payment.
Determine who owns your mortgage. The two largest mortgage investors are Fannie Mae and Freddie Mac. These two companies are government-sponsored corporations, and the majority of conventional loans conform to their guidelines. Fannie Mae and Freddie Mac, in compliance with the Making Home Affordable program created by the government, have created a simplified refinancing program for homeowners who have successfully made all of their payments in the last 12 months on time. Call your servicer, the company you make your payment to, and inquire about
which company owns your loan.
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